Global Excavator Industry Trends and 2017 Forecasts Now Available at MarketReportsOnline.com

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MarketReportsOnline.com adds "Global Excavator Market Report: 2014 Edition" market report to its research store. Caterpillar Inc, Komatsu Ltd., Hitachi, and Liebherr Group are the leading companies discussed in this excavator market research.

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Excavators are one of the major segments of construction equipment industry. These are used extensively in numerous fields ranging from construction of roads, building structures to mining and extraction of gold and diamonds.

Dallas, Texas (PRWEB)August 20, 2014

Excavators are considered as one of the major segments of construction equipment industry as they are used extensively in a wide variety of fields. The improvement in the economic condition drives the excavator industry on a large scale. There are several types of excavators present in the industry that are classified on the basis of their size and machinery.

As per the report, “Global Excavator Market Report: 2014 Edition,” escalating construction spending, rising urban population, and technological advancements are providing immense growth opportunities for the excavator market worldwide. Some of the noteworthy trends and developments of this industry include energy saving technology and introduction of new varieties of excavators by various companies.

China is one of the largest producer and consumer of excavators, but for the past two years, sales in the country have been declining majorly due to the economic slowdown, which was backed by weak demand and overcapacity. On the other hand, the excavator sales in Japan are continuously growing at a stupendous pace over the past couple of years.

This report presents an exhaustive study of the global excavator market. It encompasses detailed description of a number of factors driving the growth of the industry coupled with recent trends and challenges, hindering the growth of the industry.

The report includes in-depth analysis of fierce competition among the major players on a number of parameters. The company profile section of the report covers detailed description of the players operating in the aforementioned industry. In addition, competitive landscapes in various regional markets are discussed in detail. By deploying SPSS Inc.’s data integration and analysis capabilities, future growth prediction in terms of sales volume of excavator has also been analyzed in the report.